International Companies
C&C reiterates full-year outlook despite washout summer
C&C Group said it remained on track to meet full-year expectations on Tuesday, despite washout summer weather hitting trading.
Volkswagen to shutter three factories, lay off thousands of staff
German automotive giant Volkswagen will close the doors on at least three factories as it looks to potentially lay off tens of thousands of employees.
Boeing launches $19bn share sale to bolster finances
Boeing said on Monday that it had launched a $19bn share sale as it looks to bolster its finances.
Philips lowers sales outlook amid China weakness
Philips reported flat comparable sales of €4. 4bn for its third quarter on Monday, as the Dutch medical devices maker faced a significant decline in demand from China.
Sanofi beats expectations with bumper third-quarter earnings
Sanofi reported stronger-than-expected third-quarter earnings on Friday, driven by early vaccine sales and robust performance from its anti-inflammatory drug Dupixent.
Eni expands share buybacks after better-than-expected third quarter
Italian energy major Eni announced an increase to its 2024 share buyback programme on Friday, after stronger-than-expected third-quarter profits driven by higher production and strategic portfolio improvements.
Remy Cointreau downgrades FY sales outlook
Remy Cointreau downgraded its full-year sales outlook on Friday as it posted a drop in first-half sales amid continued destocking in the Americas.
Mercedes-Benz scales back sales targets after weak Q3 results
Mercedes-Benz became the latest in a string of automakers to issue a cautious outlook on Friday as profits in its car division slumped due to macro challenges and heightened competition, particular in China.
UPS beats Q3 expectations
Logistics firm United Parcel Service beat quarterly profit expectations on Thursday as the group benefitted from improved volumes and tight cost controls.
Intel wins 15-year legal battle over massive EU fine
Intel emerged victorious in a lengthy legal battle with the European Union on Thursday, as the bloc's top court ruled in its favour, dismissing a €1. 06bn antitrust fine.
Seadrill shares jump on Transocean merger rumours
Stock futures of offshore drilling companies Transocean and Seadrill were rising on Thursday on reports that the sector rivals were considering a potential merger.
Hermès withstands luxury slowdown as Q3 sales jump 11%
French fashion and accessories giant Hermès managed to grow quarterly sales by more than a tenth despite the wider luxury-market slowdown, as it was able to shrug off weak demand in China.
Renault maintains guidance after third quarter growth
Renault Group reported a 1. 8% rise in third-quarter revenue on Thursday, to €10. 7bn, surpassing analyst forecasts, driven by strong demand for new models like the Symbioz and Dacia Duster hybrid SUV.
Boeing losses deepen on machinist strike, programme charges
Boeing reported a significant widening of its losses in the third quarter on Wednesday, driven by a combination of work stoppages, higher costs, and programme charges.
Coca-Cola sees FY organic sales at high end of guidance
Coca-Cola said on Wednesday that full-year organic sales were set to be at the high end of its previous guidance range.
Heathrow ups full-year passenger forecasts after bumper summer
Heathrow Airport reported a 12. 6% increase in profit before tax to £696m for the first nine months of the year on Wednesday, driven by record passenger numbers during a bustling summer of sport and music.
Deutsche Bank swings back to profits in third quarter
Deutsche Bank returned to profitability in the third quarter, it emerged on Wednesday, as it reported a net profit of €1. 46bn, surpassing analyst expectations of €1. 05bn.
Philip Morris raises FY profit guidance on strong Q3 sales
Tobacco giant Philip Morris raised its full-year profit guidance on Tuesday on the back of strong Q3 sales of its Zyn and IQOS products in the US.
GM smashes Q3 forecasts, raises full-year guidance again
General Motors comfortably beat market expectations with its third-quarter results on Tuesday and raised its annual profit guidance for the third time this year.
SAP shares surge as full-year guidance raised
Shares in SAP jumped in Frankfurt on Tuesday after the German enterprise software giant raised its annual guidance on the back of a strong increase in cloud revenues in the third quarter, driven by strong demand for its AI services.